A premium is a periodic payment (usually monthly) that you make in return for insurance. This monthly amount is paid to an insurer so that they can give you cover under a specific insurance plan which runs for a set period of time.
A premium is a periodic payment (usually monthly) that you make in return for insurance. This monthly amount is paid to an insurer so that they can give you cover under a specific insurance plan which runs for a set period of time.
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